Corporate Transparency Act (CTA) and BOI Filing Requirements
The Corporate Transparency Act (CTA) mandates that U.S. corporations, LLCs, S corporations, and similar entities file their Beneficial Ownership Information (BOI) with the Financial Crimes Enforcement Network (FinCEN). This initiative aims to enhance corporate transparency and combat illicit financial activities. FinCEN, the government agency responsible for collecting BOI, estimates that around 32 million businesses will […]
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